“Most investors would acknowledge that social media is playing an increasing role in their investment decisions,” observes the UK Web site Mindful Money. “Yet no-one has mapped the emerging network of influence likely to be playing a crucial part in those decisions.” Until now.The presentation below provides a fascinating map of financial media influencers. The […]
If you have the stomach for it and want to learn more about the gory details about the policy side of all this, there are a bunch of good writers you can turn to, including Yves Smith, David Dayen, and Marcy Wheeler, all of whom have put up great pieces worth looking at in the […]
ddrew2u Beginner’s question: I was reading Krugman’s long article on how the Euro allowed weak countries to borrow on the same easy terms as strong countries — leading to the usual (e.g., Irish) bankers lending excess monies to people who can’t pay back. The usual cure — if a country has its own currency — […]
We try to pretend we’re not actually human sometimes. And sometimes we have to decide not to pretend. Many of the Life Cycle Theory models for economics assume limited borrowing constraints: you can’t borrow more than you will make (present valued), but you can borrow on future earnings. You can only do that for so […]
My aging Subaru had a problem a while back. Leak of transmission fluid; a seal or another failing, leading to steady dripping out. And with little need to open the hood, no gauge—or even an “idiot light”—on the dashboard, it dripped for quite a while. And then some. The first repair—call it Quizzical Effort 1—refilled […]
What’s Brad DeLong always typing about ? We have a better press corps. It’s just that they all work for McClatchy. David Lightman shows how to report that someone is lying without using the word The report says that a study by the National Federation of Independent Business, “the nation’s largest small business association, found […]
By: Daniel J. Becker With the state of the Union coming up and the current national attention having been drawn toward the question of the nation’s personality via reality mimicking Hollywood (God, that slap in the face hurt bad, assuming you felt it) I want to try to get us ready for the presentation by […]
This week Trichet laid down the ECB’s hand, (effectively) announcing his intention to maintain inflation at the ECB’s target rather than allow it to overshoot. For all intents and purposes, 2% inflation stabilizes the real exchange rate rather than furthering real depreciation in the Periphery and real appreciation in Germany (or the Core). Ambrose Evans-Pritchard […]
Which though not stated so baldly is the clear conclusion of the following: Abdullah Toukan and Anthony Cordesman:Study on a Possible Israeli Strike on Iran’s Nuclear Development. The authors outline three different attack routes the Israelis could use, each having its own set of political and military problems, but the real missing piece is the […]